BEML Limited has secured a contract from Integral Coach Factory

BEML Limited, formerly known as Bharat Earth Movers Limited, is a public sector enterprise in India that engages in the production of heavy equipment for use in transportation, mining, railroads, and earthmoving. Bangalore is the company’s headquarters. Asia’s second-biggest producer of construction machinery is BEML.

BEML Limited got a contract of Rs. 866.87 crore.

Integral Coach Factory (ICF), Chennai, has given BEML Limited a contract for the design, manufacture, and commissioning of two high-speed trainsets, each with eight cars. Each car costs Rs 27.86 crore, and the total contract value is Rs 866.87 crore. This amount covers non-recurring fees, design costs, one-time development costs, and one-time costs for jigs, fixtures, tooling, and testing facilities that will be used for all upcoming high-speed projects in India.

The first trainsets with a test speed of 280 kmph to be designed and manufactured in India will be part of this project, which is a major milestone in the country’s high-speed rail journey.

BEML Limited will complete the contract by the end of 2026.

The trainsets are expected to be delivered by the end of 2026 and will be constructed at BEML’s rail coach complex in Bengaluru. The trains will have chair car layouts with full air conditioning and modern passenger amenities like infotainment systems, reclining and rotatable seats, and special accommodations for passengers with limited mobility.

The signing of this contract confirms BEML’s dedication to India’s goal of building a quicker, more effective rail system and enhances its standing as a pioneer in the rolling stock industry.

Price of BEML Ltd. stock slightly upward:

Bharat Earth Movers Limited (BEML) share price is currently Rs. 3,737.00, showing a minor increase from the peak traded price of Rs. 3,793.70 during the first part of the trading session. The shares of BEML Ltd. have increased 31% in 2024. The stock has gained 55% in the last 12 months.

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